PDS BV: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
PDS BV
Largest movements
- Receivables within one year +€58,974
up €58,974 (+37.0%), from €159,565 to €218,539
of which Other amounts receivable: +€62,744
- Tangible fixed assets -€12,071
down €12,071 (-40.5%), from €29,780 to €17,710
of which Plant, machinery and equipment: -€11,755
- Cash -€4,164
down €4,164 (-59.5%), from €7,002 to €2,837
mainly Receivables within one year (-€58,974) and Debts after one year (-€26,113)
- Deferred charges and accrued income +€4,082
up €4,082 (+36.6%), from €11,152 to €15,234
- Trade debts +€77,612
up €77,612 (+133%), from €58,538 to €136,150
- Debts after one year -€26,113
down €26,113 (-36.7%), from €71,106 to €44,993
- Profit (loss) carried forward -€15,140
down €15,140 (-395%), from -€3,836 to -€18,976
- Current portion of long-term debt +€15,027
up €15,027 (+34.0%), from €44,209 to €59,236
- Tax, wage and social debts -€4,565
down €4,565 (-33.8%), from €13,522 to €8,957
of which Taxes: -€2,802
- Gross operating margin -€65,050
down €65,050 (-50.2%), from €129,619 to €64,569
- Other operating charges -€10,898
down €10,898 (-90.4%), from €12,058 to €1,159
- Taxes -€7,478
down €7,478 (-99.4%), from €7,523 to €46
- Depreciation -€6,272
down €6,272 (-22.9%), from €27,341 to €21,069
- Staff costs +€3,234
up €3,234 (+8.5%), from €38,093 to €41,327
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €207,499 | €254,320 | +€46,821 | +22.6% |
| Fixed assets | 21/28 | €29,780 | €17,710 | -€12,071 | -40.5% |
| Tangible fixed assets | 22/27 | €29,780 | €17,710 | -€12,071 | -40.5% |
| Plant, machinery and equipment | 23 | €17,295 | €5,540 | -€11,755 | -68.0% |
| Furniture and vehicles | 24 | €12,485 | €12,170 | -€315 | -2.5% |
| Current assets | 29/58 | €177,719 | €236,611 | +€58,892 | +33.1% |
| Amounts receivable within one year | 40/41 | €159,565 | €218,539 | +€58,974 | +37.0% |
| Trade receivables | 40 | €11,082 | €7,311 | -€3,771 | -34.0% |
| Other amounts receivable | 41 | €148,484 | €211,228 | +€62,744 | +42.3% |
| Cash at bank and in hand | 54/58 | €7,002 | €2,837 | -€4,164 | -59.5% |
| Deferred charges and accrued income | 490/1 | €11,152 | €15,234 | +€4,082 | +36.6% |
| Total equity and liabilities | 10/49 | €207,499 | €254,320 | +€46,821 | +22.6% |
| Equity | 10/15 | €20,124 | €4,984 | -€15,140 | -75.2% |
| Contributions | 10/11 | €22,100 | €22,100 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,836 | -€18,976 | -€15,140 | -395% |
| Amounts payable | 17/49 | €187,375 | €249,336 | +€61,961 | +33.1% |
| Amounts payable after more than one year | 17 | €71,106 | €44,993 | -€26,113 | -36.7% |
| Financial debts | 170/4 | €71,106 | €44,993 | -€26,113 | -36.7% |
| Amounts payable within one year | 42/48 | €116,269 | €204,343 | +€88,074 | +75.7% |
| Current portion of amounts payable after more than one year | 42 | €44,209 | €59,236 | +€15,027 | +34.0% |
| Trade debts | 44 | €58,538 | €136,150 | +€77,612 | +133% |
| Suppliers | 440/4 | €58,538 | €136,150 | +€77,612 | +133% |
| Taxes, remuneration and social security | 45 | €13,522 | €8,957 | -€4,565 | -33.8% |
| Taxes | 450/3 | €2,802 | €0 | -€2,802 | -100.0% |
| Remuneration and social security | 454/9 | €10,721 | €8,957 | -€1,763 | -16.4% |
| Non-recurring operating income | 76A | - | €375 | +€375 | |
| Remuneration, social security and pensions | 62 | €38,093 | €41,327 | +€3,234 | +8.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,341 | €21,069 | -€6,272 | -22.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €551 | - | -€551 | |
| Other operating charges | 640/8 | €12,058 | €1,159 | -€10,898 | -90.4% |
| Non-recurring operating charges | 66A | - | €2,292 | +€2,292 | |
| Gross operating margin | 9900 | €129,619 | €64,569 | -€65,050 | -50.2% |
| Operating profit (loss) | 9901 | €51,577 | -€1,279 | -€52,856 | |
| Financial income | 75/76B | €118 | €0 | -€118 | -100% |
| Recurring financial income | 75 | €118 | €0 | -€118 | -100% |
| Financial charges | 65/66B | €13,308 | €13,815 | +€508 | +3.8% |
| Recurring financial charges | 65 | €13,308 | €13,815 | +€508 | +3.8% |
| Profit (loss) for the period before taxes | 9903 | €38,387 | -€15,094 | -€53,481 | |
| Income taxes | 67/77 | €7,523 | €46 | -€7,478 | -99.4% |
| Profit (loss) for the period | 9904 | €30,864 | -€15,140 | -€46,004 | |
| Profit (loss) for the period to be appropriated | 9905 | €30,864 | -€15,140 | -€46,004 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.